U.S. Housing Market
Black Homeownership Rate Drops to 4-Year Low
The homeownership rate decline occurred as the Black unemployment rate reached 7.2% as of July, up from 6.3% one year before and the highest level since October 2021. Continue Reading Black Homeownership Rate Drops to 4-Year Low
Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
The legislation creates $50 million per year in grants for communities that adopt policies removing barriers to affordable housing on property owned by faith-based organizations or colleges. Continue Reading Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
Pope Leo XIV’s Chicago-Area Childhood Home Listed for $199,000
The new pope’s family owned the property from 1949 to 1996. Continue Reading Pope Leo XIV’s Chicago-Area Childhood Home Listed for $199,000
Builder Confidence in Multifamily Market Down in Q1
“Construction costs, regulatory barriers and financing are the main headwinds right now,” said NAHB Debra Guerrero. Continue Reading Builder Confidence in Multifamily Market Down in Q1
Hilltop Residential Launches Multifamily Development Division
The company has appointed Eric Overton as managing partner of Hilltop Residential Development. Continue Reading Hilltop Residential Launches Multifamily Development Division
Billionaire Grant Cardone says he and other real estate investors will ‘save the day’ and prevent a home price crash
Source: Insider --- Rapid home-price growth and soaring mortgage rates led to a dramatic downturn in housing demand throughout 2022, leading experts to speculate that the entire US real estate market could implode. While the housing slump is escalating this year,...
Texas new homes are taking longer to sell, and prices are down, but overall sales are still showing “remarkable stamina”
New homes in Texas are taking longer to sell and average home prices are lower, according to a new HomesUSA.com New Home Sales Report released today by Ben Caballero, real estate agent and HomesUSA.com CEO. The HomesUSA.com New Home Sales Report uses Multiple...
Infrastructure Restructure
Source: Best Lawyers --- The last few years have seen significant changes in the business world: the COVID-19 pandemic, rising inflation and interest rates, work-from-home trends, supply chain problems, the rise of ESG in corporate boardrooms and more. To the outside...
With Home Prices Stabilizing, Realtors Looking Forward to Good Spring Home Buying Season
Home sales nationwide in January were up 6% from a year ago and are 39% higher than in 2020, according to Zillow’s first monthly market report of 2023. Buyers took advantage of slightly lower mortgage rates in January, but sellers have yet to join the fray. The number...
Luxury Real Estate Market Insulated From Rising Rates and Inflation Performs Well
A five-year review of markets included in the Forbes Global Properties curated consumer marketplace of luxury homes has revealed a 34% increase in sales price within the top 20% of 2022 transactions. Furthermore, numerous markets, including the domestic and...
New Real Estate Alliance will Put $1 Billion into Vertical Farm Development
The Monthly Dividend Company and Plenty Unlimited Inc. have entered into a strategic real estate alliance to support the development of Plenty's indoor vertical farms. Under the terms of the agreement, Realty Income will acquire and provide development funding for...
Prices for single-family homes are falling in these cities
Source: CNN Business --- Home prices are going up across the country — in aggregate. Looking at individual markets, however, some are showing prices have fallen from a year ago. Single-family median home prices increased 4% in the fourth quarter from a year ago to...
Will your city favor buyers or sellers? Real estate report makes predictions for 2023
Source: The Hill --- (NEXSTAR) – The days of 40-person bidding wars and offers that are six figures over asking may be over, according a recent analysis of the 2023 real estate market. The national median home price rose 17.6% in 2021, then another 10% in 2022. Those...
HUD and State of Louisiana Reach Agreement to Free 3,300 Louisianans from Road Home Repayment Obligations
HUD Secretary Marcia L. Fudge was in New Orleans, Louisiana last week to announce the closure of the Road Home program, which she said will free 3,300 Louisianans from repayment obligations. With the State’s compliance with HUD’s corrective action, the State will...
Tennessee Housing Association Launches Virtual Marketplace for Manufactured Housing
The Tennessee Housing Association (THA) has launched an online virtual marketplace of factory-built homes available in Tennessee. The consumer platform allows Tennessee homebuyers to browse, select, tour, and shop Tennessee manufactured homes and modular homes for...
